Decision Sciences
8 years ago

Education key to efficiency: Large dairy farms outperform small ones

Journal of Business and Economic Statistics
A Generalized Production Frontier Approach for Estimating Determinants of Inefficiency in U.S. Dairy Farms
Subal C. Kumbhakar, Soumendra N. Ghosh, J. Thomas McGuckin

Paper Summary

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The article looks at how efficient U.S. dairy farms are by studying technical and allocative efficiency. They found that a farmer's education level affects how efficient their farm is, with more educated farmers being more efficient. Also, larger farms tend to be more efficient than smaller ones.